NEW YORK ( TheStreet) -- CHANGE IN RATINGS
BB&T (BBT) was upgraded at Goldman Sachs to buy. Stock appears inexpensive relative to its peers, Goldman said.
(CRL) was initiated with a neutral rating at UBS. Reflects valuation, although there are early-stage signs of improvement, said UBS. Price target is $49. Covance (CVD) was initiated with a buy rating at UBS. Reflects its late-stage clinical development and margin-expansion opportunity, UBS said. Price target is $96. Delta Air Lines (DAL - Get Report) was upgraded at J.P. Morgan to overweight from neutral. $26 price target. Newly introduced tax rate not to be confused with a diminished earnings outlook, J.P. Morgan said. Fifth Third (FITB - Get Report) was downgraded at Goldman Sachs to neutral from buy. Company is leveraged to slower mortgage activity, Goldman said. Fortuna Silver Mines (FSM) was upgraded to hold at TheStreet Ratings. Hologic (HOLX) was downgraded to hold at TheStreet Ratings.
(K) was downgraded at J.P. Morgan to underweight from neutral. $60 price target. Top line concerns and difficult comparisons, J.P. Morgan said. Kennametal (KMT) was downgraded at Bank of America/Merrill Lynch. Valuation call, based on a $50 price target, BofA/Merrill said. US Airways Group (LCC) was upgraded at J.P. Morgan to overweight from neutral. $26 price target. Stand-alone prospects are materially better than implied by the market, J.P. Morgan said.